Jb Oxford Co

Dozens of FBI agents Tuesday raided JB Oxford & Co., the Beverly Hills discount brokerage firm associated with convicted stock swindler Irving Kott. The raid signals a wide-ranging probe by federal agents into the operations of the brokerage and Kott, a consultant to Oxford who has had run-ins with securities regulators in the past, sources said. The Securities and Exchange Commission is working with the FBI in the investigation, which includes some ventures related to Kott, sources said.

Dozens of FBI agents Tuesday raided JB Oxford & Co., the Beverly Hills discount brokerage firm associated with convicted stock swindler Irving Kott. The raid signals a wide-ranging probe by federal agents into the operations of the brokerage and Kott, a consultant to Oxford who has had run-ins with securities regulators in the past, sources said. The Securities and Exchange Commission is working with the FBI in the investigation, which includes some ventures related to Kott, sources said.

* Beverly Hills-based JB Oxford & Co., the broker-dealer subsidiary of JB Oxford Holdings Inc., said that Executive Vice President Albert Laubenstein has been named acting president and chief executive, replacing Stephen Rubenstein, who is no longer with the company. No explanation was given for Rubenstein's departure. * * The U.S. 9th Circuit Court of Appeals in San Francisco upheld the fraud convictions of Earl W.

Arbitrators who resolve investor disputes with stockbrokers do not have to comply with California's tough ethics rules governing disclosure of their ties to the industry and the grounds under which they may be disqualified, the state Supreme Court ruled Monday. In a unanimous decision, the high court said California instead should apply the narrower disclosure and disqualification rules set forth by the NASD, the brokerage industry's national self-regulatory body.

Rafi M. Khan, the notorious Los Angeles stock promoter tied to controversial stock deals dating back a decade, is cooperating with federal investigators in an undisclosed number of fraud probes, the government announced. As part of a plea agreement filed with the U.S. attorney's office this week, Khan pleaded guilty to filing a false tax return for 1991, officials said. He is to return to court for sentencing Oct. 18.

When people are desperate to get a fresh start, they sometimes move to a new town, change jobs, buy new clothes, maybe even get a little plastic surgery. When companies are desperate for a fresh start, it's not all that different. Consider Hariston Corp., a Costa Mesa-based publisher and distributor of computer games and other CD-ROM software. Just two years ago, Hariston was a Vancouver, B.C.-based company whose primary assets were oil and gas properties.